Tetragon Financial Group Limited

Tetragon Financial Group Limited

14.95
USD
+0.05
(+0.34%)
1.17BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.07
3.11
2.22
1.78
1.86
2.65
3.38
2.11
4.94
-0.17
1.82
4.28
8.6
- -
Basic EPS, GAAP
2.91
1.41
1.93
1.59
1.86
2.65
3.22
1.87
4.68
-0.35
1.62
4.13
8.36
- -
Free Cash Flow per Basic Share
2.25
3.68
3.62
2.88
2.16
0.52
-1.65
2.27
0.72
-1.22
-0.3
0.55
-0.01
- -
Dividend per Share
1.15
1.22
0.88
0.79
0.52
0.52
0.5
0.33
0.27
0.26
0.27
0.25
0.27
0.58
Book Value per Share
18.32
23.13
20.67
22.3
22.14
23.69
25.88
27.86
31.89
32.23
34.8
36.35
46.5
21.96
Tangible Book Value per Share
18.32
23.13
20.43
22.3
22.14
23.69
25.88
27.86
31.89
32.23
34.8
36.35
46.5
21.96
Basic Weighted Avg Shares
101
85
98
87
90
91
90
92
89
91
87
85
87
88
Sales/Revenue/Turnover
410
264
217
155
168
242
302
193
442
-15
159
365
751
- -
Operating Margin (%)
56.86
40.87
63.38
75.26
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
7
7
6
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
293
120
188
139
168
242
288
171
418
-32
141
352
730
- -
Effective Tax Rate (%)
2.91
9.54
5.36
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
71.53
45.35
86.85
89.47
100
100
95.33
88.61
94.68
214
88.91
96.49
97.12
- -
Working Capital
-44
- -
468
442
- -
- -
- -
- -
- -
- -
- -
- -
- -
494
LT Debt
- -
- -
- -
38
38
38
150
100
75
115
250
300
350
38
Total Equity
1,847
1,959
2,020
1,942
1,995
2,189
2,386
2,474
2,877
2,759
2,825
3,173
3,892
1,987
Return on Invested Capital (%)
12.9
5.12
6.52
5.82
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
16.73
6.28
9.46
7
8.36
11.34
12.09
6.7
15.14
- -
4.74
10.76
18.91
- -
Return on Common Equity (%)
16.73
6.28
9.46
6.99
8.53
11.54
12.59
7.04
15.63
-1.14
5.05
11.74
20.65
- -

Capital Structure

USD

•

in mil. unless spec.
Sep'16
Dec'16
Jun'17
ST Debt
- -
- -
- -
LT Borrowings
- -
38
38
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
88
87
91
Market Capitalization
925
1,055
1,172

Working Capital

USD

•

in mil. unless spec.
Sep'16
Dec'16
Jun'17
Total Current Assets
- -
444
502
Cash, Cash Equivalents & STI
499
393
384
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
11
2
8
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.08%
9.91%
22.65%
Free Cash Flow
-158.1%
-160.24%
-101.7%
Net Income, GAAP
-22.88%
-49.21%
107.16%
Sales/Revenue/Turnover
-88.41%
-179.37%
105.81%
Total Cash Common Dividend
-11.02%
-4.51%
9.22%

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
159
2024
- -
- -
365
2025
- -
- -
751

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.62
2024
- -
- -
4.13
2025
- -
- -
8.36

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.27
2024
- -
- -
0.25
2025
- -
- -
0.27

Company Description

CEO
Stephen Lionel Prince
Full Time Employees
530
Sector
Miscellaneous
Industry
Investment trusts
Address
399 Park Avenue London NY United Kingdom 10022
IPO Date
May 14, 2007
Business
Tetragon Financial Group Limited (TFG.AS) is a Guernsey-domiciled closed-ended investment company that generates distributable income and capital appreciation through a diversified portfolio of alternative assets, including private equity in asset management companies such as Equitix, BentallGreenOak, Lyon Capital Management and platform managers; event-driven equities, convertible bonds and other hedge funds including Westbourne River Partners and Acasta Partners; bank loans via U.S. CLOs and Tetragon Credit Partners funds; real estate through BentallGreenOak funds and co-investments across Europe, U.S. and Asia; private equity and venture capital encompassing Hawke's Point, Banyan Square and direct investments; legal assets via Contingency Capital funds; and other equities and credit. The company, founded in 2005 and headquartered in Saint Peter Port, Guernsey, with key offices in London and New York, lists its non-voting shares on Euronext Amsterdam and the Specialist Fund Segment of the London Stock Exchange; TFG Asset Management, its diversified alternative asset management platform comprising nine managers, oversees over $40 billion in assets under management as of late 2022. In June 2025, Tetragon sold a 14.6% minority stake in Equitix to Hunter Point Capital at an implied enterprise value of £1.3 billion, retaining majority ownership alongside management while realizing value from a business that grew assets under management from £1.3 billion to over £11.7 billion since its 2015 acquisition; the H1 2025 half-yearly results showed fully diluted NAV per share rising to $38.74 from $35.43 at year-end 2024, driven by a 12.2% return on equity, $365 million in gains from asset management equity and ongoing funding commitments to private equity, legal assets and new asset classes. Tetragon targets 10-15% annual ROE long-term, maintains stable allocations to event-driven equities, credit, convertibles, hedge funds and bank loans, and continues real estate distributions from existing holdings while pursuing growth in other equities, private equity and infrastructure sectors globally.

Company News

  • Tetragon Financial Group (TGONF) Q2 2026 Earnings Call Prepared Remarks Transcript

  • Tetragon Financial Group Limited April 2026 Monthly Factsheet

  • Tetragon Financial Group Limited Dividend Information in Respect of Q1 2026

  • Tetragon Financial Group Limited March 2026 Monthly Factsheet

  • Tetragon Financial Group Limited Announcement of Dividend

  • Tetragon Financial Group Limited Announcement of Final Results of Tender Offer to Purchase Tetragon Non-Voting Shares

  • Tetragon Financial Group Limited February 2026 Monthly Factsheet

  • Tetragon Financial Group Limited U.S. Shareholders Tax Reporting Information

  • Tetragon Financial Group Limited Dividend Information in Respect of Q4 2025

  • Tetragon Financial Group Limited Announcement of Tender Offer to Purchase $50,000,000 of Tetragon Non-Voting Shares

  • Tetragon Financial Group (TGONF) Q4 2025 Earnings Call Transcript

  • Tetragon Financial Group Limited 2025 Annual Report

  • Tetragon Financial Group Limited Announcement of Dividend and Intention to Conduct Tender Offer

  • Tetragon Financial Group Limited January 2026 Monthly Factsheet

  • Tetragon Financial Group Limited Investor Call on 6 March 2026

  • Tetragon Financial Group Limited December 2025 Monthly Factsheet

  • Tetragon Financial Group Limited November 2025 Monthly Factsheet

  • Tetragon Financial Group Limited Annual General Meeting

  • Tetragon Financial Group Limited October 2025 Monthly Factsheet

  • Tetragon Financial Group Limited Dividend Information in Respect of Q3 2025